Silicon Laboratories Inc. (NASDAQ:SLAB) Director Sells $281,540.00 in Stock

Silicon Laboratories Inc. (NASDAQ:SLAB) Director William G. Bock sold 2,000 shares of the business’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $140.77, for a total value of $281,540.00. Following the completion of the sale, the director now directly owns 32,115 shares of the company’s stock, valued at $4,520,828.55. This represents a 5.86 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Silicon Laboratories Price Performance

Shares of Silicon Laboratories stock traded up $3.75 during midday trading on Wednesday, hitting $139.99. 371,245 shares of the company were exchanged, compared to its average volume of 304,473. Silicon Laboratories Inc. has a 52 week low of $94.00 and a 52 week high of $154.91. The firm has a 50 day simple moving average of $121.21 and a 200-day simple moving average of $115.25. The firm has a market cap of $4.54 billion, a P/E ratio of -18.92 and a beta of 1.17.

Silicon Laboratories (NASDAQ:SLAB) last announced its quarterly earnings results on Monday, November 4th. The semiconductor company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.07. The firm had revenue of $166.00 million during the quarter, compared to the consensus estimate of $165.50 million. Silicon Laboratories had a negative net margin of 46.93% and a negative return on equity of 12.60%. The firm’s quarterly revenue was down 18.5% on a year-over-year basis. During the same period last year, the firm posted $0.48 EPS. Equities research analysts expect that Silicon Laboratories Inc. will post -3.56 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Susquehanna started coverage on Silicon Laboratories in a report on Tuesday, December 17th. They set a “neutral” rating and a $130.00 price target on the stock. Benchmark reaffirmed a “hold” rating on shares of Silicon Laboratories in a research report on Tuesday, November 5th. KeyCorp increased their price target on shares of Silicon Laboratories from $115.00 to $160.00 and gave the company an “overweight” rating in a report on Wednesday. Barclays boosted their price objective on shares of Silicon Laboratories from $75.00 to $120.00 and gave the stock an “equal weight” rating in a report on Friday, January 17th. Finally, Stifel Nicolaus increased their target price on shares of Silicon Laboratories from $135.00 to $145.00 and gave the company a “buy” rating in a research note on Monday, January 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Silicon Laboratories currently has a consensus rating of “Hold” and a consensus target price of $133.56.

Institutional Investors Weigh In On Silicon Laboratories

A number of large investors have recently bought and sold shares of the business. Advisors Asset Management Inc. boosted its position in Silicon Laboratories by 159.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 275 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 169 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Silicon Laboratories by 84.1% during the third quarter. GAMMA Investing LLC now owns 497 shares of the semiconductor company’s stock valued at $57,000 after acquiring an additional 227 shares during the period. International Assets Investment Management LLC increased its position in Silicon Laboratories by 11,457.1% in the third quarter. International Assets Investment Management LLC now owns 809 shares of the semiconductor company’s stock worth $93,000 after purchasing an additional 802 shares during the period. KBC Group NV lifted its position in Silicon Laboratories by 42.1% during the 4th quarter. KBC Group NV now owns 1,279 shares of the semiconductor company’s stock valued at $159,000 after purchasing an additional 379 shares during the period. Finally, Van ECK Associates Corp acquired a new stake in shares of Silicon Laboratories during the 3rd quarter worth approximately $189,000.

Silicon Laboratories Company Profile

Silicon Laboratories Inc, a fabless semiconductor company, provides various analog-intensive mixed-signal solutions in the United States, China, Taiwan, and internationally. The company's products include wireless microcontrollers and sensor products. Its products are used in various electronic products in a range of applications for the industrial Internet of Things (IoT), including industrial automation and control, smart buildings, access control, HVAC control, and industrial wearables and power tools; smart cities applications, such as smart metering, smart street lighting, renewable energy, electric vehicle supply equipment, and smart agriculture; commercial IoT applications, including smart lighting, asset tracking, electronic shelf labels, theft protection, and enterprise access points; smart home applications, comprising home automation/security systems, smart speakers, smart lighting, HVAC control, smart cameras, smart appliances, smart home sensing, smart locks, and window/blind controls; and connected health applications, including diabetes management, consumer health and fitness, elderly care, patient monitoring, and activity tracking; as well as in commercial building automation, consumer electronics, and medical instrumentation.